Toronto Hydro Time Of Use Vs Tiered

Time of use rates started to replace tiered rates for households and small businesses in 2005. This will allow consumers to be billed on a flat fee. The provincial government also announced an increase in the ontario electricity rebate oer from 318 to 332 effective november 1 2020.
toronto hydro time of use vs tiered

On november 1 2020 new winter tou and tiered prices will be set and tou customers will resume paying tou prices that are different at different times of the day.

Toronto hydro time of use vs tiered. Under tiered rates customers are charged two rates for electricity. 1 hydro ratepayers will be able to either to return to time of use pricing or opt for a new tiered plan that will provide a set rate for electricity up to a. Customers on tou pricing can choose to switch to tiered pricing starting immediately however the change will not take effect until after november 1 2020. The winter time of use tou hours and the winter tier threshold for residential customers which were maintained for the summer 2020 period will remain in effect on november 1.

The default is time of use rates but customers can opt in to tiered rates if they prefer k w hydro spokesperson kelly mcmath said. A lower rate for the electricity used up to a certain limit and a second higher rate for all additional. Effective november 1 2020 eligible customers on the regulated price plan rpp now have the option to choose between time of use tou and tiered pricing plans. Ontario hydro billing you can now opt out of time of use pricing could not find this being shared already so have a look if this applies to you.

Effective november 1 2020 the ontario energy board oeb announced changes to the electricity rates for customers paying time of use tou and tiered rates under the regulated price plan rpp. Rickford said that starting nov. The following table and chart tracks tiered electricity rates. Compare electricity price plans compare your current electricity or natural gas bill with a contract offered by an energy retailer compare time of use to tiered pricing residential and small business customers that pay time of use tou electricity prices can choose to switch to tiered prices.

Find out more about switching from tou to tiered prices. Use our bill calculators to help you. Since june 1 2020 residential and small business customers on tou have been paying a fixed electricity price of 128 kwh for all hours of the day as part of the.